CHINA’S STOCK MARKET TUMBLE AND THE OUTLOOK FOR THE GLOBAL ECONOMY Interview of L. Randall Wray by Dasha Chernyshova, Moscow reporter for the Sputnik News Agency Q: In simple terms, how is the slowdown in China affecting the Eurozone? A: I think the impact is overstated. China is still growing relatively … Continue reading → CHINA’S STOCK MARKET TUMBLE AND T […]
Grexit: Exchanges on the IT Problem Continue I’ve already been over Louis Proyect’s critical analysis of the chapter on the IT software problem in my new e-book. But in the comments on Proyect’s post a significant dialogue occurred between two commenters at NC: Ben Johannson and Clive. … Continue reading → Grexit: Exchanges on the IT Problem Continue […]
At the London event last week, I indicated that governments should not issue any public debt as the benefits of doing so are small relative to the large opportunity costs. The Modern Monetary Theory (MMT) position is that there is … Read the rest of this entry »
When the March-quarter 2015 National Accounts came out three months ago I wrote that “the fragility of growth increases”, as the economy descended into a state of weak growth well below the accepted trend rate. The latest data – June-quarter … Read the rest of this entry »
Two books which I haven’t read (yet). Reviews welcome. Piet Keizer (full disclosure: former teacher of mine): Multidisciplinary Economics. A methodological account. contents: Preface Part I: Science, Social Science, Economics 1: Introduction 2: The Character of Science 3: Genesis and Development of Economics and Sociology Part II: Orthodox Economics 4: Ortho […]
from Peter Radford Seriously though. The 2012 Page, Bartels, and Seawright paper makes interesting reading. I came across it via the Krugman blog and recommend it to you all. The key is that this is a first small attempt to quantify the difference in perspective between the ‘wealthy’ and the ‘general public’. The paper is thus an […]
Saudi Arabia to Cut Oil Premium to Asia Buyers for Oct.: Survey By Serene Cheong and Sharon Cho (Bloomberg) — World’s biggest crude exporter may reduce premium by 20c/bbl for Oct. sales of Arab Light grade to Asia, accord. to median est. in Bloomberg survey of 7 refiners and traders. Oct. Arab Light official selling […] The post PMI’s, Saudi pricing, Redbook […]
This monetarist stuff doesn’t work: China removes regulation on loan-to-deposit ratio Aug 28 (Xinhua) — China’s top legislature on Saturday adopted an amendment to the Law on Commercial Banks, removing a 75-percent loan-to-deposit ratio stipulation. China has kept the 75-percent ratio since the law was enacted and put into effect in 1995. “The ratio was […] […]
La question de la souveraineté est aujourd’hui posée en France. Ce n’est pas un hasard. Cette dernière traverse donc aujourd’hui une crise généralisée, qui est bien entendu économique et sociale à l’origine mais qui...
Note kindly translated by Anne-Marie de Grazia The debate which has started on the possibility, or not, of the constitution of « fronts » in the fight against the political system which has built itself up...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]